NOT LISTED FOR SALE

2437 River Rd Saint Clair, MI 48079

Estimated Value: $344,000 - $414,000

5 Beds
2.5 Baths
1,503 Sq Ft
$255/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $235,000 $156 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,494/month

1 Day on Market

Highlights

  • Deck
  • Patio
  • Ceiling Fan
  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Private Entrance

About This Home

As of August 2020

Investors take notice. This two unit has unlimited potential because the units are nice size and they offer some views of the St. River. Upper is currently used by owner and the lower 3 bedroom unit was leased until owner decided to sell. Projected rents are $1000 to $1200 per month. Main level 2 bedroom, 1.5 bath has a nice deck, vaulted ceiling, open floor plan & several parking spots. The lower unit is nice size with a patio off the front toward the water and 2 parking spots. It features 3 bedrooms, and 1 full bath. Both units have their own laundry room. And utilities are separated. Projected income is $24000 to $26,000 per year. Due to a shortage of rentals, the upper may bring $1500. It is quite unique with a river view. Call today for an APOD.

Last Agent to Sell the Property

Linda Bailey

Sine & Monaghan Realtors Real Living LLC SC License #6501236427 Listed on: 06/19/2020

Sine & Monaghan Realtors Real Living LLC SC

Last Buyer's Agent

Linda Bailey

Sine & Monaghan Realtors Real Living LLC SC License #6501236427 Listed on: 06/19/2020

Sine & Monaghan Realtors Real Living LLC SC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1999

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 52 x 222 x 53 x 224
  • Private Entrance

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 1,503 Sq Ft Home
  • Ceiling Fan

Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74308000069000

Community Details

Overview

  • 2 Units
  • Suprvr's River Road Plat Subdivision

Pet Policy

  • Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,866

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Ranch, Upper/Lower Apartment
  • Architecture Level: 1 Story
  • Assessment: 182
  • Year Built: 1999
  • State Equalized Value: 104800.0000
  • Pets Allowed: Cats OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Daylight, Finished, Walkout Access
  • Total Sq Ft: 1503

Exterior Features

  • Roof Material: Asphalt, Composition
  • Foundation Details: Basement
  • Construction Materials: Brick, Cedar
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Porch Type: Deck, Patio
  • Road Frontage Type: Paved
  • Sideof Street: E

Garage/Parking

  • MF Parking: Assigned Spaces, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 1086521.7391
  • Lot Size Area: 0.23
  • Lot Dimensions: 52 x 222 x 53 x 224
  • Parcel Number: 74308000069000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2200

Tax Info

  • Tax Amount Summer: 3180.0000
  • Tax Amount Winter: 686.0000
  • Total Tax: 3866.0000
  • Taxable Value: 91303.0000

Multi Family

  • Gross Scheduled Income: 26400.00
  • Number Of Units Total: 2

MLS Schools

  • School District: East China

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Aug 27, 2020
Sold by
Walter H Lacroix Revocable Living Trust
Bought by
Gilliam Benjamin and Gilliam Crystal Anne
Seller's Agent
Linda Bailey
Sine & Monaghan Realtors Real Living LLC SC
Buyer's Agent
Linda Bailey
Sine & Monaghan Realtors Real Living LLC SC
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Current Estimated Value
$382,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,964
Avg. Annual Appreciation
9.56%
Original Mortgage
$188,000
Outstanding Balance
$166,078
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$216,886
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gilliam Benjamin $235,000 Ata National Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilliam Benjamin $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $235,000 -6.0% $156 / Sq Ft
06/21/2020 06/21/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $249,900 -- $166 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,930 $187,800 $0 $0
2024 $5,751 $166,300 $0 $0
2023 $5,384 $164,400 $0 $0
2022 $6,501 $152,300 $0 $0
2021 $5,876 $144,000 $0 $0
2020 $696 $146,500 $146,500 $0
2019 $687 $109,200 $0 $0
2018 $3,884 $109,200 $0 $0
2017 $3,791 $108,100 $0 $0
2016 $3,126 $108,100 $0 $0
2015 -- $92,800 $92,800 $0
2014 -- $91,300 $91,300 $0
2013 -- $83,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Linda Bailey

    Sine & Monaghan Realtors Real Living LLC SC

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Map

Source: Realcomp

MLS Number: 2200027905

Realcomp

APN: 30-800-0069-000

Michigan St. Clair County Saint Clair Township 48079

2437 River Rd, Saint Clair Township, MI

Not Listed for Sale

MultiFamily

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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